Canada Student Loans

On March 18, 2020, the Government of Canada announced the COVID-19 Economic Response Plan which includes a wide set of measures to help Canadians affected by the impacts of the COVID-19 pandemic.

To support student and apprentice loan borrowers during the COVID-19 pandemic, the Government of Canada has announced its plan to pause the repayment of Canada Student Loans and Canada Apprentice Loans until September 30, 2020, with no accrual of interest. Pending parliamentary approval, these measures will become effective March 30 2020. This will include pre-authorized debits. These measures will provide relief to nearly 1 million CSLP borrowers in repayment. We will provide more details shortly.